iA Financial has cautioned its shareholders against an unsolicited mini-tender offer from Ocehan LLC for up to 50,000 common shares.
The offer targets approximately 0.05% of iA Financial’s outstanding shares at $110.60 per share, for a total value of less than $6 million. iA Financial has no association with Ocehan and does not recommend or endorse acceptance of the offer.
iA Financial warned that the $110.60 price represents a discount of approximately 31.19% to the closing price of its common shares on the TSX on April 7, 2026, which stood at $160.74.
Mini-tender offers are typically structured to seek small portions of a company’s shares to avoid certain disclosure and procedural requirements under Canadian securities rules.
Canadian securities regulators have long expressed concerns that investors may accept such offers without fully understanding how the price compares to current market values.
Shareholders who have already tendered shares may withdraw them by following the procedures outlined in Ocehan’s offer documents. iA Financial advises shareholders to carefully review the offer documents, compare it against the current market price and consult their investment advisors before deciding.
In its most recent quarterly results, released earlier this year, iA Financial reported net income attributed to common shareholders of $182 million for the fourth quarter of 2025. Core earnings held steady at $287 million.
The company deployed $300 million on acquisitions and share buybacks during the period and moved forward its profitability targets from 2027 to 2026.
iA Financial has also outlined environmental targets in its 2025 Sustainability Report, published last month. The company aims to reduce greenhouse gas emission intensity in its Canadian real estate portfolio by 60% by 2035 compared with 2022 levels.
iA Financial’s transfer agent, Computershare, provides services directly to registered shareholders in Canada. It can assist with share account management, direct deposit of dividends, dividend reinvestment plans and share purchase plans.
